Bad news for commuters at Holborn: “Standing only” escalator trial being extended to six month pilot March 10, 2016 In a move almost destined to annoy half of its commuters, Transport for London is launching a six-month pilot of its "standing only" rule at Holborn Tube station. During the pilot, which launches on 18 April, two escalators will be "standing only" during morning rush hour, with at least "at least one other" will be free for [...]
Shell chief executive Ben van Beurden’s total remuneration plummeted last year, sad face March 10, 2016 Shell chief executive Ben van Beurden's pay packet was cut by almost 80 per cent last year, as the energy giant faced a challenging year ahead of its mega-merger with BG. The boss pocketed a mere €5.1m for 2015, having received a total remuneration of €24.2m the year before, though this included pension accrual, taxes and other [...]
Morrisons’ share price falls 2.5 per cent as dividend is cut on sales and profits decline March 10, 2016 Sales and profits at Morrisons have fallen again – but the supermarket management is talking confidently about progress made so far, and guided on future dividends in an effort to woo shareholders. Morrisons' share price was down 2.5 per cent in mid-morning trading, however, as investors digested the news that this year's dividend was being slashed [...]
Home Retail Group posts “significantly stronger” cash flow as time ticks on in Sainsbury’s vs Steinhoff bid for Argos March 10, 2016 Home Retail Group has revealed much higher cash flow levels and signs of improvement at Argos – the centre of a bidding war between Sainsbury's and Steinhoff. The figures Argos' like-for-likes dropped 2.6 per cent in the year to 27 February, to £4.1bn, as the retailer sustained second half declines of two per cent. Margins fell [...]
A third of people don’t expect their jobs to exist in five years March 9, 2016 We all know that robots are supposedly poised to take over the world – now it seems a high proportion of us are expecting technology to change the workplace so much, our jobs won't exist in the near future. More than a third of white collar workers in the UK, US and Germany believe their jobs will [...]
Taxi protest is shutting down roads around Whitehall (again) as campaigners demonstrate against Uber and other PHVs March 9, 2016 Bad news if you're hoping to drive through parts of central London today. Taxi drivers holding a protest around Whitehall are causing major disruption to local roads – but this time the campaigners are actually on foot. Protesters boasted that roads around the seat of government – including Parliament Square, Westminster Bridge, Victoria Street, Charing [...]
Amazon to create 1,000 new jobs in Manchester with launch of new fulfilment centre March 9, 2016 Amazon is creating 1,000 new jobs in Manchester, with the launch of a new fulfilment centre opening this autumn. The etailer said it would be recruiting for a range of positions, including operations managers to engineers, HR and IT roles to associates. It follows an announcement last month that it was creating a new hub at Coalville, Leicestershire, in [...]
Qatar tops list of best airlines – while Virgin Atlantic and EasyJet languish near the bottom of the table March 9, 2016 Calling all frequent fliers. A new survey has revealed the "saints and sinners" of the airline industry – and you might be surprised at some of the worst offenders. Qatar Airways tops the AirHelp list, receiving full marks for quality, 8.7 out of 10 for being on time and 8.1 for claim processing. Dutch airline KLM [...]
G4S’s share price plummets as turnaround weighed down by surge in asylum seekers March 9, 2016 G4S' share price fell this morning after posting a drop in full year revenues and profit, after the outsourcer everyone loves to hate revealed restructuring costs and write-downs on onerous contracts relating to asylum seekers, as well as soaring debt. The figures Revenues on an actual basis fell 3.7 per cent from £6.89bn to £6.86bn in 2015, while profit [...]
Hotel Chocolat is seeking valuation of £150m when it lists on Aim March 9, 2016 Hotel Chocolat's co-founder has shrugged off concerns about the volatile state of the markets as the premium chocolatier gears up to go public. City A.M. understands the business is hoping to secure a valuation of around £150m through the IPO, which will see joint founders and co-owners Angus Thirlwell and Peter Harris release a third of [...]
